Louth GAA

Main Menu

  • Fixtures & Results
    • Next 7 Days
      • Next 14 Days
      • Next 21 Days
    • Last 7 Days
      • Last 14 Days
      • Last 21 Days
    • Championship
      • Senior Football
      • Intermediate Football
      • Junior Football
      • Senior Hurling
      • Maurice Murphy Cup
    • League
      • Division 1
      • Division 2
      • Division 3A
      • Division 3B
      • Division 4
      • Division 5
      • Division 6
      • U19
      • Senior Hurling
      • Special Hurling
    • Paddy Sheelan Cup
      • Paddy Sheelan Cup KO
      • Paddy Sheelan Shield
    • Kevin Mullen Shield
      • Kevin Mullen Shield KO
      • Kevin Mullen Plate
    • U21 League Competition
    • Minor Board
      • 2025 Regulations
      • Lennon Cup
      • U18
      • U16
      • U15
      • U14
      • U13
      • U12
  • Stadium
  • Committees 2025
    • Management Committee 2025
    • Other Officers
    • Competitions Control Committee
    • Coiste na nóg
    • Intercounty Panels
    • Coaching & Games Steering
    • Infrastructure
    • Communications Committee
    • Planning and Training Committee
    • Irish Language and Culture
    • Children’s Committee
    • Coiste Iomána
    • Youth
  • Club C’ship Tickets
  • NFL Tickets
    • NHL Tickets
  • Clubber (TV)
    • Video on Demand
  • Resources
    • Coaching and Games Staff
    • Downloads

logo

  • Fixtures & Results
    • Next 7 Days
      • Next 14 Days
      • Next 21 Days
    • Last 7 Days
      • Last 14 Days
      • Last 21 Days
    • Championship
      • Senior Football
        • SFC Knockout
      • Intermediate Football
        • IFC Knockout
      • Junior Football
        • JFC Knockout
      • Senior Hurling
      • Maurice Murphy Cup
    • League
      • Division 1
      • Division 2
      • Division 3A
      • Division 3B
      • Division 4
      • Division 5
      • Division 6
      • U19
      • Senior Hurling
      • Special Hurling
    • Paddy Sheelan Cup
      • Paddy Sheelan Cup KO
      • Paddy Sheelan Shield
    • Kevin Mullen Shield
      • Kevin Mullen Shield KO
      • Kevin Mullen Plate
    • U21 League Competition
    • Minor Board
      • 2025 Regulations
      • Lennon Cup
      • U18
        • Championship
          • U18 A Championship
          • U18 B Championship
        • League
          • U18 Division 1
          • U18 Division 2
          • U18 Division 3
          • Regional League
      • U16
        • League
          • Regional
          • U16 Division 1
          • U16 Division 2
          • U16 Division 3
          • U16 Division 4
      • U15
        • Championship
          • U15 A Championship
          • U15 B Championship
        • League
          • U15 Division 1
          • U15 Division 2
          • U15 Division 3
      • U14
        • U14 Division 1
        • U14 Division 2
        • U14 Division 3
        • U14 Division 4
      • U13
        • League
          • U13 Division 1
          • U13 Division 2
          • U13 Division 3
          • U13 Division 4
        • U13 A Championship
        • U13 B Championship
      • U12
        • League
          • U12 Division 1
          • U12 Division 2
          • U12 Division 3
          • U12 Division 4
  • Stadium
  • Committees 2025
    • Management Committee 2025
    • Other Officers
    • Competitions Control Committee
    • Coiste na nóg
    • Intercounty Panels
    • Coaching & Games Steering
    • Infrastructure
    • Communications Committee
    • Planning and Training Committee
    • Irish Language and Culture
    • Children’s Committee
    • Coiste Iomána
    • Youth
  • Club C’ship Tickets
  • NFL Tickets
    • NHL Tickets
  • Clubber (TV)
    • Video on Demand
  • Resources
    • Coaching and Games Staff
    • Downloads
FundraisingCounty
Home›Fundraising›Peter Fitzpatrick insists Louth’s €14.8 million stadium funding is ‘ring-fenced, rock solid and guaranteed’ despite government’s decision to scrap IIP

Peter Fitzpatrick insists Louth’s €14.8 million stadium funding is ‘ring-fenced, rock solid and guaranteed’ despite government’s decision to scrap IIP

By Bob Doheny
22nd February 2023
3110
0
Share:

Caoimhin Reilly-Drogheda Independent/Argus

February 21 2023 01:42 PM

 

Louth GAA chairman Peter Fitzpatrick has insisted that the county’s €14.8 million Immigrant Investor Programme funding is “set in stone” and laid to rest fears that the government’s decision to scrap the programme will impact on the stadium development in Dundalk.

Fitzpatrick headed a grounds committee delegation that signed off on an agreement with 37 Chinese investors last November, via the Department of Justice, which will see each contribute €400,000 in exchange for a period of residency in Ireland.

The IIP initiative, which has been running in this country for over a decade and brought in more than €1.2 billion in revenue for hundreds of different projects, is to be wound up but Louth will receive the remaining monies in three instalments across March, June and September having already banked the first sum in January.

Peter Fitzpatrick with Uachtaran Larry McCarthy at seat sale launch in Imperial Hotel Dundalk, earlier this month.

“This money is set in stone and will flow in steadily between now and September,” said Fitzpatrick. “It’s guaranteed to come. This stadium is going to happen and the IIP money is lined up for it.

“I’ve spoken to the Minister for Justice and Taoiseach, and we’re safe because we got it signed last November. We’re guaranteed our money. It took us two years to put this together, it wasn’t as simple as people thought, but there was a fantastic application and we’re very lucky.

“Personally, I feel it was a mistake by the government to pull the IIP considering it has brought in over a billion euro in the last 10 years. Where’s that money going to come from now to fill the gap? I thought it was a fantastic system.”

The county chairman – and resident TD – has also defended the ethics of the investment considering China’s human rights record remains the subject of international perusal.

“There is an evaluation committee, made up of public and private figures and departments, whose job it is to scrutinise these propositions and it’s overseen by the Department of Justice, so everything is above board,” Fitzpatrick added.

“Every time we get money into our bank account from the programme, we have two years to spend it and every shilling has to be audited and details provided to the Department of Justice.

“Since 2012, lots of different organisations have benefitted from the IIP, from Trinity College to Creative Spark in Dundalk, they all got money through the scheme. The Peter McVerry Trust got around €4 million and another place in Dublin got €40 million.

“For Louth, the money is ring-fenced, rock solid and guaranteed, and we have a meeting with Tom Ryan, Croke Park’s CEO, in the next week because this is a joint-venture with Croke Park and they are going to make up the funding shortfall. They have told us that they won’t leave us wanting and we may get €5 million from them.

“We wanted to get the tender process out last week but we’re working with the finance and infrastructure committee in Croke Park and all should be ready to go out in the next week.”

The chairman remains committed to delivering the stadium by September 2024 and has come to an agreement with Dublin for the reigning Leinster champions to play Louth in the opening match at the venue.

Tagslouth gaadundalkstadiumPeter FitzpatrickIIPDept of Justice
Previous Article

Louth hang on to seal vital Division ...

Next Article

Louth storm to victory over Meath

0
Shares
  • 0
  • +

Related articles More from author

  • Malachy O Rourke
    Coaching & Games

    Louth GAA Coaching Conference 2020

    5th January 2020
    By darcys
  • ClubCounty

    Tribute to the Late Great Alfie Monk

    31st March 2020
    By Bob Doheny
  • Fixtures & ResultsCountySponsors

    Toner goal crucial as Derry hold off Louth in Ardee

    8th February 2023
    By Bob Doheny
  • ClubCounty

    Magheracloone overcome Mattock challenge with stellar finish

    11th January 2020
    By Ronan Lynch
  • County

    Louth GAA dual star hoping to balance football and hurling commitments in 2020

    8th January 2020
    By darcys
  • Fixtures & ResultsClub

    Paddy Sheelan Cup & Kevin Mullen Shield draws

    21st January 2020
    By Ronan Lynch

Leave a reply Cancel reply

You may be interested in

  • Fixtures & ResultsClub

    Subsidiary League Competition Fixtures

  • Coaching & GamesClubHealth and Wellbeing

    Louth GAA ALLSTARS Camp-GAA for ALL

  • FundraisingCountySponsors

    Louth GAA Launch “Club Lú”

Donate to Louth GAA

Donation towards the new Louth GAA stadium

Walking Track

Louth GAA Tweets

Twitter feed is not available at the moment.

Louth GAA

logo

Louth GAA is one of the 32 County Boards of the Gaelic Athletic Association (GAA) in Ireland and is responsible for the promotion of Gaelic Games and Irish Cultúr in County Louth including Gaelic Football and Hurling.

Lú Abú

  • Recent

  • Popular

  • Defeat for our Hurlers in Final game of the season

    By Bob Doheny
    21st May 2025
  • FUNDING SECURED FOR NEW LOUTH GAA STADIUM DEVELOPMENT IN DUNDALK

    By Bob Doheny
    28th April 2025
  • Anchor Tours Extends Louth GAA Senior Football Championship Sponsorship in Landmark Three-Year Deal

    By Bob Doheny
    24th April 2025
  • John O’Neill Sand and Gravel Louth GAA Division 1, 2 & 3 Leagues Rd 2 ...

    By Bob Doheny
    13th April 2025
  • LOUTH GAA – WEE COUNTY DOUBLE HOUSE DRAW

    By Bob Doheny
    30th January 2021
  • Wee County Double House Draw

    By Ronan Lynch
    10th January 2020
  • Do you want to be part of LúTV?

    By Bob Doheny
    8th August 2020
  • Louth GAA Coaching Conference 2021

    By Bob Doheny
    5th January 2021

About Us

  • Louth GAA Centre of Excellence, Newtowndarver, Readypenny, Co. Louth, A91 CF62
  • operationsmanager.louth@gaa.ie

Follow us

© Copyright Louth GAA. All rights reserved.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok